TIDMPURE
RNS Number : 1683Y
PureCircle Limited
27 December 2019
Management and Board Committee Changes
PureCircle (LSE: PURE), the world's leading producer and
innovator of great-tasting stevia, announces the following changes
to its management team and board committees.
Mr. James Ritchie has been appointed Chief Restructuring Officer
and Interim Chief Financial Officer of PureCircle with immediate
effect.
Board committee membership changes
In addition, pursuant to Listing Rule 9.6.11R, PureCircle
announces the following changes to the Board Committees with
immediate effect:
-- Guy Wollaert has been appointed Chair of the Remuneration
Committee and will step down as Chair of Nomination Committee
-- Ali bin Abdul Kadir, Datuk ("Datuk Ali") joins the Audit Committee as Chairman
-- Robert Cheim Dau Meng, Dato', ("Dato' Robert Cheim") joins
the Remuneration Committee and Nomination Committee
-- Wan Azmi Wan Hamzah, Tan Sri ("Tan Sri Wan Azmi")
(Non-Independent Non-Executive Director) joins the Nomination
Committee
-- Rosemarie Andolino joins the Nomination Committee and the Remuneration Committee
-- John Slosar, currently a member of the Nomination Committee, has been appointed as Chair
In addition to these changes, Guy Wollaert has been appointed as
Senior Independent Director of the Company. Guy was appointed as a
Non-Executive Director of the Company on 10 July 2015 and this
Senior Independent Director appointment is in addition to his role
on the Board Committees.
Independence
UK Corporate Governance Code ("the Code") provides that the
Board should identify the directors it considers to be independent,
and should state its reasons if it determines that a Director is
independent notwithstanding the existence of relationships or
circumstances which may appear relevant to its determination,
including if the Director has received or receives additional
remuneration from the Company, apart from a director's fee.
Rosemarie Andolino was appointed on 1 July 2019 as advisor to
the Chief Executive on matters relating to opening up sales to food
services customers and received remuneration for her additional
role. She continues to provide rigorous, independent challenge to
management and in Board meetings. Her advisory role ends effective
31 December 2019. The Board considers her to be independent for the
purposes of the Code.
Following review of the membership of PureCircle Board
Committees, the membership of all its committees according to its
Board Charter are as follows:
Remuneration Committee
Guy Wollaert (Chair)
Rosemarie S. Andolino
Robert Cheim Dau Meng, Dato'
John Slosar
Audit Committee
Ali bin Abdul Kadir, Datuk (Chair)
Ann Marie Scichili
Guy Wollaert
Nomination Committee
John Slosar (Chair)
Rosemarie S. Andolino
Robert Cheim Dau Meng, Dato'
Ann Marie Scichili
Wan Azmi Wan Hamzah, Tan Sri (non-independent director)
Disclosure Committee
John Slosar
James Ritchie
Treasury Committee
CEO
CFO
VP, Corporate Finance
Group Financial Controller
Global Operations Finance Director
Senior Treasury Manager
27 December 2019
Enquiries:
Investors/Analysts
James Ritchie, Chief Restructuring Officer and Interim CFO
Phone: +603 2166 2206
Newgate Communications, Media Relations
Elisabeth Cowell
Giles Croot
Email: purecircle@newgatecomms.com
Phone: +44 (0) 20 3757 6880
Notes to Editors
About PureCircle
-- PureCircle is the only company that combines advanced R&D
with full vertical integration from farm to high-quality,
great-tasting innovative stevia sweeteners.
-- The Company collaborates with farmers who grow the stevia
plants and with food and beverage companies which seek to improve
their low- and no-calorie formulations using a sweetener from
plants.
-- PureCircle will continue to: lead in research, development
and innovation; produce a growing supply of multiple varieties of
stevia sweeteners with sugar-like taste, using all necessary and
appropriate methods of production; and be a resource and innovation
partner for food and beverage companies.
-- PureCircle stevia flavor modifiers work in synergy with
sweeteners to improve the taste, mouthfeel and calorie profile, and
enhance the cost effectiveness, of beverage and food products.
-- Founded in 2002, PureCircle is continually investing in
breakthrough research and development and it has been granted over
130 stevia-related patents with more than 250 applied for patents
pending.
-- PureCircle has offices around the world with the global headquarters in Chicago, Illinois.
-- To meet growing demand for stevia sweeteners, PureCircle is
rapidly ramping up its supply capability. It completed expansion of
its Malaysian stevia extract facility in March 2017, increasing its
capacity to rapidly supply the newer and great-tasting specialty
stevia sweeteners and helping provide ever-increasing value to its
customers.
-- PureCircle's shares are listed on the main market of the London Stock Exchange.
-- For more information, visit: www.purecircle.com
About stevia
-- Given the growing global concerns about obesity and diabetes,
beverage and food companies are working responsibly to reduce sugar
and calories in their products, responding to both consumers and
health and wellness advocates. Sweeteners from the stevia plant
offer sugar-like taste and are becoming an increasingly important
tool for these companies.
-- Like sugar, stevia sweeteners are from plants. But unlike
sugar, they enable low-calorie and zero-calorie formulations of
beverages and foods.
-- Stevia leaf extract is a natural-based, zero calorie,
high-intensity sweetener, used by global food and beverage
companies as a great-tasting zero-calorie alternative to sugar and
artificial sweeteners.
-- Stevia is a naturally sweet plant native to South America;
today, it is grown around the world, notably in Kenya, China and
the US.
-- The sweet-tasting parts of the stevia leaf are up to 350 times sweeter than sugar: stevia's high-intensity sweetness means it requires far less water and land than sugar.
-- Research has shown that the molecules of the stevia leaf are
present and unchanged in the dried stevia leaf, through the
commercial extraction and purification process, and in the final
stevia leaf extract product. All major global regulatory
organisations, across 65 countries, have approved the use of
high-purity stevia leaf extracts in food and beverages.
-- Stevia has strong environmental benefits when compared to
sugar requiring less water, less land area and having a lower
carbon footprint.
-- For more information on the science of stevia, please visit
https://www.purecirclesteviainstitute.com/
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END
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